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For each of the three independent situations determine the amount of cash received from the customers and prepare journal ent that summarize the selling
For each of the three independent situations determine the amount of cash received from the customers and prepare journal ent that summarize the selling and collection activities for the reporting period. All dollars are in millions. Complete this question by entering your answers in the tabs below. Cash Recd from Cust General Journal Determine the amount of cash received from the customers. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Situation Sales Revenue Accounts Receivable Increase (Decrease) 1 240 0 23 240 17 240 (17) Cash Received from Customers
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